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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule Of Income Tax Provision | The income tax provision consists of the following:
(In millions) | For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Income before provision for income taxes: | $ | 329.5 |  |  | $ | 367.6 |  |  | $ | 711.7 |
Current provision for income taxes: |  |  |  |  |
Federal | 116.1 |  |  | 97.1 |  |  | 152.7 |
State | 32.9 |  |  | 20.2 |  |  | 28.5 |
| 149.0 |  |  | 117.3 |  |  | 181.2 |
Deferred provision for income taxes: |  |  |  |  |
Federal | (47.9) |  |  | (26.4) |  |  | (10.8) |
State | (22.5) |  |  | (11.6) |  |  | 3.1 |
| (70.4) |  |  | (38.0) |  |  | (7.7) |
Interest and penalties expense: |  |  |  |  |
Interest | 3.0 |  |  | 2.2 |  |  | 2.4 |
Penalties | — |  |  | — |  |  | — |
| 3.0 |  |  | 2.2 |  |  | 2.4 |
Provision for income taxes | $ | 81.6 |  |  | $ | 81.5 |  |  | $ | 175.9 |
Schedule Of Deferred Tax Assets And Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities consist of the following:
(In millions) | As of December 31,
| 2024 |  | 2023
Deferred tax assets: |  |  |
Allowance for credit losses | $ | 831.7 |  |  | $ | 741.2 |
Stock-based compensation | 14.3 |  |  | 14.6 |
Deferred state net operating loss | 25.3 |  |  | 13.7 |
Other, net | 15.2 |  |  | 14.1 |
Total deferred tax assets | 886.5 |  |  | 783.6 |
Deferred tax liabilities: |  |  |
Valuation of Loans receivable | 1,195.8 |  |  | 1,158.9 |
Deferred Loan origination costs | 1.8 |  |  | 1.6 |
Other, net | 8.0 |  |  | 12.3 |
Total deferred tax liabilities | 1,205.6 |  |  | 1,172.8 |
Net deferred tax liability | $ | 319.1 |  |  | $ | 389.2 |
Schedule Of Reconciliation Of The U.S. Federal Statutory Rate To Effective Tax Rate | A reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate is as follows:
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
U.S. federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State and local income taxes | 3.1 | % |  | 2.7 | % |  | 3.8 | %
Non-deductible executive compensation expense | 2.1 | % |  | 1.3 | % |  | 0.5 | %
Excess tax benefits from stock-based compensation plans | -1.6 | % |  | -3.0 | % |  | -0.8 | %
Other | 0.2 | % |  | 0.2 | % |  | 0.2 | %
Effective income tax rate | 24.8 | % |  | 22.2 | % |  | 24.7 | %
Schedule Of Unrecognized Tax Benefits | The following table is a summary of changes in gross unrecognized tax benefits:
(In millions) | For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Unrecognized tax benefits at January 1, | $ | 61.0 |  |  | $ | 57.1 |  |  | $ | 49.4 |
Additions for tax positions of the current year | 20.3 |  |  | 16.2 |  |  | 14.5 |
Additions for tax positions of prior years | 2.8 |  |  | — |  |  | — |
Reductions for tax positions of prior years | (0.2) |  |  | (0.1) |  |  | — |
Settlements | (3.2) |  |  | (3.7) |  |  | — |
Reductions as a result of a lapse of the statute of limitations | (7.7) |  |  | (8.5) |  |  | (6.8) |
Unrecognized tax benefits at December 31, | $ | 73.0 |  |  | $ | 61.0 |  |  | $ | 57.1 |

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